Press Release

Millennium Challenge Corporation CEO to Visit the Philippines, Participate in APEC 2015 CEO Summit

For Immediate Release

November 13, 2015

WASHINGTON, D.C., Nov. 13, 2015 – Millennium Challenge Corporation (MCC) CEO Dana J. Hyde will travel to the Philippines next week to participate in the Asia-Pacific Economic Cooperation (APEC) CEO Summit. The summit brings together economic leaders, business executives, and policy makers to engage on critical global issues with a theme of ‘Creating the Future: Better, Stronger, Together’.  

On Monday, Nov. 16, Hyde will participate in a panel discussion on innovation and entrepreneurship that will explore the opportunities and implications of inclusive growth. She will be joined by Colombian President H.E. Juan Manuel Santos, former Vice President of Chinese Taipei Vincent Siew, and CEO of Underwriters Laboratories Keith Williams.  

Later in the week, Hyde and MCC Vice President of Compact Operations Kamran Khan will visit with government officials and partners working to implement MCC’s $434 million compact with the Philippines. Hyde will also meet with beneficiaries of the agency’s investments. The five-year compact, signed in 2010, funds more than 3,400 community-development projects, aims to improve tax revenue management, and rehabilitates 222 km of roadway in one of the poorest parts of the country.  

MCC plays an important role in promoting economic growth to lift people out of poverty across Asia, and its presence in the region is growing with substantial policy reform and infrastructure investments.

For more information on Hyde’s visit or to attend her panel discussion at APEC, contact MCC at press@mcc.gov.  

Learn more about MCC’s compact with the Philippines

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The Millennium Challenge Corporation is an innovative and independent U.S. Government agency working to reduce global poverty through economic growth. Created by the U.S. Congress in January 2004, with strong bipartisan support, MCC provides time-limited grants and assistance to countries that demonstrate a commitment to good governance, investments in people and economic freedom. Learn more about MCC at www.mcc.gov.

Related Country Programs

  • Philippines Compact

    The Philippines Compact aimed to reduce transportation costs through road rehabilitation, expand the fiscal space through improved tax collection efforts, and empower communities by investing in small-scale, community-driven development projects.